Top 10 most expensive suburbs in Sydney for 2024

Sydney, known for its iconic skyline, stunning harbour, and pristine beaches, is also home to some of the most expensive real estate in Australia. As of June 2022, Sydney’s property market continues to see sky-high valuations, particularly in the city’s most prestigious suburbs. In this blog, we’ll walk through the top 10 most expensive suburbs in Sydney, their locations, and what makes these areas so sought after. 

1. Bellevue Hill 

• Median House Price: $5,201,359 
  Located just 5km east of Sydney’s CBD, Bellevue Hill is the most expensive suburb in Sydney. Known for its luxurious properties, stunning views, and affluent residents, Bellevue Hill is part of the Woollahra local government area. With proximity to the Sydney Harbour and elite schools, it remains a preferred suburb for Sydney’s elite. 

2. Tamarama 

• Median House Price: $5,163,049 
  Tamarama is famous for its beachfront properties and coastal lifestyle. Located only 6km east of the CBD, Tamarama is a small and exclusive suburb in the Waverley council area. Its prime location, nestled between Bondi and Bronte beaches, makes it a dream spot for beach lovers and a hotspot for real estate investors. 

3. Vaucluse 

• Median House Price: $4,999,415 
  Vaucluse offers breathtaking views of the Sydney Harbour and the Pacific Ocean. Located 8km northeast of Sydney’s CBD, this luxurious suburb is home to grand estates and historic homes. Vaucluse continues to attract wealthy buyers due to its coastal location, proximity to private beaches, and prestigious schools. 

4. Whale Beach 

• Median House Price: $4,672,853 
  Located 40km north of Sydney’s CBD, Whale Beach offers a more serene, coastal lifestyle. As part of the Northern Beaches Council, this suburb is known for its beautiful, secluded beach and holiday homes. The area is less populated, providing a peaceful retreat while still within reach of Sydney’s urban lifestyle. 

5. Double Bay 

• Median House Price: $4,567,849 
  Situated just 4km east of the CBD, Double Bay is known for its chic cafes, high-end boutiques, and its glamorous waterfront properties. This suburb, part of the Woollahra council, boasts close proximity to the city while maintaining an air of exclusivity and sophistication. 

6. Clovelly 

• Median House Price: $4,486,967 
  Clovelly, located 8km southeast of the CBD, is a quieter beachside suburb in the Randwick council area. Known for its family-friendly beach and relaxed vibe, Clovelly appeals to those looking for luxury with a laid-back coastal atmosphere. 

7. Longueville 

• Median House Price: $4,477,191 
  Located 8km northwest of the CBD, Longueville is a prestigious suburb with expansive harbour views. As part of the Lane Cove Council, Longueville combines suburban charm with luxurious waterfront homes, making it a prime destination for high-end buyers. 

8. Manly 

• Median House Price: $4,406,666 
  Manly, located 17km northeast of Sydney’s CBD, is one of the most famous beachside suburbs in Sydney. As part of the Northern Beaches council, Manly offers a laid-back, active lifestyle with beautiful beaches and vibrant dining and shopping scenes. 

9. Clontarf 

• Median House Price: $4,365,222 
  Clontarf, also located in the Northern Beaches council area, sits just 13km northeast of Sydney’s CBD. This secluded waterfront suburb offers stunning views and easy access to the beach. Clontarf’s high property prices reflect its exclusivity and appeal to wealthy individuals. 

10. Rose Bay 

• Median House Price: $4,281,856 
  Rose Bay, located just 5km east of Sydney’s CBD, offers both city convenience and scenic waterfront living. As part of the Waverley council, Rose Bay is known for its luxury homes, prestigious golf courses, and stunning harbour views, making it a highly desirable suburb. 

Investing in Sydney’s High-End Suburbs: Is It Worth It? 

Sydney’s premium suburbs continue to attract local and international investors, thanks to their exclusive properties, stunning views, and proximity to the city. However, with prices soaring well beyond the $4 million mark, investing in these areas requires significant capital and careful planning. 

While it’s tempting to invest in suburbs that have already experienced considerable growth, it’s essential to conduct thorough research to avoid pitfalls like market saturation and stagnating property values. 

How Property Dollar Can Help You Find the Next Hot Suburb 

Looking to invest but not sure where to start?

Property Dollar’s Shortlist Suburb feature helps you find potential growth suburbs with ease. Using the app, you can shortlist and track suburbs that fit your budget and investment strategy, helping you make informed decisions without the emotional bias of location. 

Find the next big suburb before everyone else does—sign up for Property Dollar today and start building your property portfolio with confidence! 

Disclaimer: The information provided in this blog is general in nature and not intended to be personalized financial advice. Please consult a financial advisor before making any decisions regarding your finances.